This work evaluates four key topics from a critical perspective: benchmarking and performance measurement; risk management; portfolio management; and asset allocation. Written by leading finance academics, industry commentators and practitioners. The independence of their views and the academic-professional balance reflects an intellectual maturity and confidence which is essential in maintaining a healthy industry. The reader's ability to generate alpha and structure genuinely innovative products will be paramount to the growth of their business. Based on new research and analysis, this informative and timely book will provide the reader with practical and innovative ideas for successful institutional investment.
Greg N. Gregoriou is Associate Professor of Finance and Coordinator of Faculty Research in the School of Business and Economics at State University of New York (Plattsburgh). He is the hedge fund editor for the peer-reviewed journal Derivatives Use, Trading and Regulation and editorial board member of the Journal of Wealth Management. He has authored over 60 articles on hedge funds, and managed futures in various US and UK peer-reviewed publications, including the Journal of Portfolio Management, Journal of Futures Markets, European Journal of Finance, Journal of Asset Management, European Journal of Operational Research and Annals of Operations Research. Dieter G. Kaiser is responsible for institutional research at Benchmark Alternative Strategies (a fund-of-hedge-fund-management company) in Frankfurt. He started his professional career in the structured products sector at Dresdner Kleinwort Wasserstein. He later joined Credit Agricole Asset Management, where he was responsible for the fund-of-hedge-funds Marketing Support within the Institutional Sales & Marketing division. He has written several articles on alternative investments and is the author of Hedge Funds - Demystifying an Asset Class - Structures, Opportunities, Risks and co-author of Alternative Investment Strategies: Insights into the investment techniques of hedge fund managers. He is also co-editor of the Handbook Alternative Investments.